• Request a Demo
  • Resources

Part Three: Q&A with Aéropostale’s SVP of Planning & Allocation on AI

"AI, which is forecast to grow to $36.8 billion by 2025, could bring a new way of transformation to retail." - Deborah Weinswig, CEO of Coresight Research   

Everyday you make really difficult inventory decisions. 

The impact of AI on retail is clearly a major topic of discussion for many merchandisers on the hunt for new tech to help make their job of managing inventory and forecasting demand better, faster and much more accurate than ever before. 

At the end of the day, your goals revolve around improving revenue — and yet, so much of it is tied up in unsold product, inefficient processes, or bad merchandising decisions. 

If a technology existed with the sole purpose of helping you meet these goals, why wouldn't you use it? Many retailers are in a dire position because of this failure to adapt and evolve with the tools available to meet the customer-centric demand driving the market today.

And, at the moment, machine learning and advanced analytics are the tools making it possible to do just that. Retailers like Aéropostale are taking steps to make better investments in the right products with their customer in mind by incorporating advanced analytics into their merchandising process.

Check out what Karen Walter, Aéropostale's SVP of Planning & Allocation, has to say in our latest webcast Q&A (transcript below!) about how and why her team adopted analytics in today's retail environment.

(Also, feel free to access Part 1 and Part 2 of the Q&A transcript for more insights from Aéro!)

Read More

Topics: allocation, predictive analytics, merchandise planning, inventory optimization, data, advanced analytics

Part Two: Q&A with Aéropostale’s SVP of Planning & Allocation on Tech Adoption

"Retailers must become top performers in digital business transformation if they are to succeed in delivering unified retail commerce experiences for customers." - Robert Hetu, Gartner   

If you follow our blog, then you probably know all about our latest webcast with Aéropostale’s SVP of Planning and AllocationKaren Walter, who sat down with us last month to talk about how her team is embracing advanced analytics in today's evolving retail landscape. 

One of the biggest themes throughout our conversation focused on digital transformation.

This is, by far, one of the most prominent themes overtaking the industry as legacy retailers frantically search for new technology solutions to respond quickly to the changing demands tugging at their shirttails in fifty different directions. 

However, a defining factor rooted in some of these struggles is an inability to effectively adapt traditional, existing business processes with transformative data-driven, technology initiatives.

"Gartner's retail clients are rightfully concerned about how to accomplish the herculean task of transforming a traditional, multichannel retailer into a digitally enabled provider of unified retail commerce." - Robert Hetu, Gartner, 2018 Retail CIO Agenda

Furthermore, some of the questions plaguing many retailers in this position, according to Gartner, include the following:

  • How should we prioritize new technology investments?
  • How do we gain consensus across the business?
  • How do we effectively manage organizational change?

These questions may appear simple, but they're far from it. Adopting a new technology is a huge undertaking, and figuring out the best way to go about it will be slightly different and unique to every organization.

In our Q&A with Aéropostale, Karen shares her experience when dealing with new technology adoption and some of the challenges she faced along the way. 

Read on to see what Karen has to say below!

Read More

Topics: predictive analytics, merchandise planning, inventory optimization, data, advanced analytics, technology adoption, digital transformation

Part One: Q&A with Aéropostale’s SVP of Planning & Allocation

"The customer is dictating the way they want to shop and what their new level of service is—we just all need to catch up to them.” Karen Walter, SVP of Planning & Allocation at Aéropostale 

Retailers have more data than ever before.

However, introducing new technology to leverage data more effectively throughout the merchandising process is a daunting—yet critical task.

In our latest webcast, we had the opportunity to sit down with Aéropostale’s SVP of Planning and AllocationKaren Walter, who shed some light on:

  • Why and how Aéropostale adopted advanced analytics in today’s retail environment
  • A new approach to the Merchandise, Planning, and Allocation process
  • How new technologies are blended with existing business process

Check out the the first part of the Q&A transcript below, where Karen shares her experience and thoughts on how the Planning & Allocation side of the business (and retail overall!) has evolved, as well as some of her biggest influencers throughout her career.

You can (of course) access the full video interview here

Read More

Topics: allocation, predictive analytics, merchandise planning, inventory optimization, data, advanced analytics

3 Retail Technology & Data Trends to Watch for in 2018

There’s no easy way to trulyknow how the future will pan out. We anticipate certain outcomes from what we know—like the fact the Patriots won over five Super Bowl championships or that your women's cold-shoulder sweaters sold 500 units last season.

With this historical data at hand, it would seem logical to place our bets on past performance.

And, as you know, merchants are constantly making bets.

Yet, while placing our bets for another New England Super Bowl win isn’t entirely a gamble (what can I say, we’re Boston-based ¯\_(ツ)_/¯), anticipating consumer demand for the fall or spring season six to eight months in advance is.

Read More

Topics: retail technology, e-commerce, fulfillment, artificial intelligence, online shopping, consumer trends, data

Ready for more?

Request a Demo